KUALA LUMPUR: AmInvestment Bank Research reiterated its "buy" recommendation on Kumpulan Powernet Bhd (KPower) on anticipation of its growth potential in FY21 and FY22.
It has a fair value of RM5.97 on the stock based on 15x FY22 earnings per share, which is at a discount to the average forward 20x price-earnings of leading renewable energy players globally.
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